 |
 |
|
Banco Itau Leads Latin America Bank Brands
Alberto Fernandez squanders Argentine progress against corruption.
BY LATINVEX STAFF
Brazil-based Banco Itau leads brand value among Latin American banks, according to the latest report by UK-based consultancy Brand Finance.
With a brand value of $5.1 billion, Itau is way ahead of Brazilian banks Banco do Brasil, Caixa and Bradesco, which rank at the top.
Itau lost 25.9 percent of its brand value compared to the previous year, but Banco do Brasil, Caixa and Bradesco also lost value.
Mexico’s Banorte ranks fifth overall, followed by Bancolombia, Banco de Chile and Banco de Bogota.
Banco Galicia has the most valuable bank brand in Argentina, while Interbank holds that position in Peru.
|
Most Valuable Banks in Latin America |
||||
|
Millions of US dollars |
||||
|
LA Rk |
Gl Rk |
Bank |
Value |
Ch |
|
1 |
53 |
Banco Itau, Brazil |
$5,065 |
-25.90% |
|
2 |
66 |
Banco do Brasil, Brazil |
$4,040 |
-11.30% |
|
3 |
68 |
Caixa, Brazil |
$3,954 |
-18.30% |
|
4 |
70 |
Bradesco, Brazil |
$3,908 |
-41.60% |
|
Source: Brand Finance |
||||
CORRUPTION: BRAZIL IMPROVES, ARGENTINA WORSENS
Brazil improved its corruption perception, while Argentina worsened, according to o the latest Corruption Perceptions Index (CPI) from Germany-based watchdog Transparency International.
That means that Argentine President Alberto Fernandez has squandered the impressive progress made under his predecessor Mauricio Macri.
According to Transparency, Argentina’s score fell 3 points to 42. That was the worst decline among 19 Latin American countries, according to a Latinvex analysis (see below).
A year ago, Argentina had improved its score by five points, marking the best improvement in Latin America.
Meanwhile, Brazil saw its score improve by three points to 38, the best improvement in Latin America.
Mexico also improved – by 2 points to 31.
|
Latin America Corruption |
|||||
|
Ranked by transparency rank |
|||||
|
LA Rk |
Gl Rk |
Country |
Score |
Ch |
|
|
1 |
21 |
Uruguay |
71 |
||
|
2 |
25 |
Chile |
67 |
||
|
3 |
42 |
Costa Rica |
57 |
1 |
|
|
4 |
63 |
Cuba |
47 |
-1 |
|
|
5 |
78 |
Argentina |
42 |
-3 |
|
|
6 |
92 |
Ecuador |
39 |
1 |
|
|
6 |
92 |
Colombia |
39 |
2 |
|
|
8 |
94 |
Peru |
38 |
2 |
|
|
8 |
94 |
Brazil |
38 |
3 |
|
|
10 |
104 |
El Salvador |
36 |
2 |
|
|
11 |
111 |
Panama |
35 |
-1 |
|
|
12 |
124 |
Bolivia |
31 |
||
|
12 |
124 |
Mexico |
31 |
2 |
|
|
14 |
137 |
Dom. Rep. |
28 |
||
|
14 |
137 |
Paraguay |
28 |
||
|
16 |
149 |
Guatemala |
25 |
-1 |
|
|
17 |
157 |
Honduras |
24 |
-2 |
|
|
18 |
159 |
Nicaragua |
22 |
||
|
19 |
176 |
Venezuela |
15 |
-1 |
|
|
Average |
37.5 |
0.2 |
|||
|
LA Rk=Latin America rank |
|||||
|
Gl Rk=Global rank |
|||||
|
Ch: Change in score from 2019 index |
|||||
|
Sources: Transparency International, 2020 Corruption Perceptions Index; | |||||
|
Latinvex (LatAm rank, changes) |
|||||
All in all Latin America saw a slight improvement in its average score compared with a year ago.
Uruguay remains the most transparency country, while Venezuela continues to be the laggard.
© Copyright Latinvex
